Chalabi: The Central Bank sold to private banks {312} billion dollars under the pretext of import and the state need to {115} billion dollars only

2015/9/17 15:00

{Baghdad: Euphrates News} head of the parliamentary finance committee, Ahmad Chalabi revealed, on Thursday, the central bank sold to banks own {312} billion dollars under the pretext of import, while the government needs to {115} billion dollars only.

Chalabi said during the interview program with Al-Furat satellite, which will be presented today at exactly ten o'clock pm, "The Finance Committee revealed the dollar auction gangs in the central bank and we got to extensive information, but there is no response from the central bank and the government, now there are frequency and to and the reluctance of Mmnaah and in the implementation of the things that we have requested financial as a committee to limit the leakage of foreign currency abroad. "

He added that "{551} billion entered Iraq from 2006 to 2014," noting that "imports of the Iraqi state in full, of food, clothing, fuel and weapons, you need not only the {115} billion dollars," noting that "the central bank sold to private banks under the pretext of import {312} billion dollars, equivalent to 270% of the imports of the state. "

He continued, saying "in 2014 uncovered the existence of the name Zhou {company} Fitness, bought by a bank {130} million dollars under the pretext of imported materials."

The Governor of the Central Bank on the Keywords had announced earlier that Iraq needs to reform its banks through restructuring and privatization of the Rafidain and Rasheed.

As Finance Minister, Hoshyar Zebari, the importance of the financial and banking system reform, so that it is consistent with international standards, especially after the Iraq get a credit rating and became part of the movement of global capital markets, and that any delay in the reform process will reflect negatively on the credibility of Iraq in front of the international financial institutions .anthy